USU Software AG announces figures for third quarter and first nine months of 2019
(PresseBox) - .
Revenue growth of 5.9% in Q3 2019
License revenue climbs by 44%
Adjusted EBIT rises by more than 40%
Revenue for first nine months increases by 6.9%
Adjusted nine-month EBIT up 58.4%
Risk factors weigh on Q4 2019
Revenue and earnings planning revised
USU Software AG (ISIN DE000A0BVU28) and its subsidiaries (hereinafter also referred to as the ?USU Group? or ?USU?) significantly improved their profitability (IFRS) as against the previous year in the third quarter of 2019. The Group increased its EBITDA by 65.6% from EUR
The main growth driver was license revenue, which rose significantly by 43.9% year-on-year to EUR
Over the first nine months, USU generated revenue of EUR Accordingly, the share of consolidated revenue accounted for by international business rose slightly to 27.8% in the first nine months of 2019 (Q1-Q3 2018: 27.7%). Thanks to successful contract negotiations, USU increased its income from software licenses by 32.3% as against the previous year to EU
USU?s EBITDA therefore also rose by 95.4% as against the previous year to EUR
The Management Board is forecasting that various risk factors will influence business performance in the final quarter of the year. For instance, several potential major customers in Germany and abroad are expected to choose a software-as-a-service (SaaS) contract instead of a software license agreement. The originally planned software license revenue will therefore not be generated directly, and will instead be distributed over the term of the SaaS contract.
In addition, there are the restrained development of the French market and capacity gaps in the service segment. Therefore, the Management Board has adjusted the guidance for consolidated revenues for the full year 2019 to EUR 93 - 95 million (2018: EUR 90.5 million) and the guidance for adjusted EBIT to EUR 5 - 8 million (2018: EUR 4.1 million). All in all, USU will therefore continue to significantly increase consolidated sales and consolidated earnings in the current year compared to the previous year.
The USU Group?s medium-term planning has also been revised. The Management Board is now assuming average organic revenue growth of 10%. As a result of ongoing growth in SaaS business, the operating margin on adjusted EBIT is set to increase to 13-15% in the next 4 years.
The full nine-month report for 2019 is available for download on USU Software AG?s website. The Management Board of the company will present further details of business performance at the analyst and investor conference, ?German Equity Forum 2019? at 2:30 p.m. on November
The USU Group is Europe''s largest provider of IT and knowledge management software. Market leaders from all sectors of the international economy use USU applications to create transparency, enhance agility, save costs and reduce their risks. In addition to USU AG, founded in 1977, USU Software AG - which is listed in the Prime Standard of Deutsche B
In the area of IT management, USU supports companies with comprehensive ITILanage services. USU is one of the world''s leading manufacturers in the area of software license management.
USU is driving the digitization of business processes with its intelligent solutions and expertise in the area of digital interaction. Standard software and consulting services are used to automate service workflows and actively provide knowledge for all communications channels and points of customer contact in sales, marketing and customer service. The portfolio in this area is rounded off by system integration, individual applications and software solutions for industrial big data.
Further information: https://www.usu.de/
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The USU Group is Europe''s largest provider of IT and knowledge management software. Market leaders from all sectors of the international economy use USU applications to create transparency, enhance agility, save costs and reduce their risks. In addition to USU AG, founded in 1977, USU Software AG - which is listed in the Prime Standard of Deutsche Börse (ISIN DE000A0BVU28) - also includes the subsidiaries Aspera GmbH, Aspera Technologies Inc., LeuTek GmbH, OMEGA Software GmbH and USU SAS.In the area of IT management, USU supports companies with comprehensive ITIL®-compliant solutions for strategic and operational IT and enterprise service management. USU solutions give customers an overview of their IT processes and IT infrastructure, and enable them to transparently plan, allocate, monitor and actively manage services. USU is one of the world''s leading manufacturers in the area of software license management.USU is driving the digitization of business processes with its intelligent solutions and expertise in the area of digital interaction. Standard software and consulting services are used to automate service workflows and actively provide knowledge for all communications channels and points of customer contact in sales, marketing and customer service. The portfolio in this area is rounded off by system integration, individual applications and software solutions for industrial big data.Further information: https://www.usu.de/
Datum: 21.11.2019 - 05:04 Uhr
Sprache: Deutsch
News-ID 1554186
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